Shift to federalism will improve economy – Concom member | Tin Tức Ngôi Sao
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Shift to federalism will improve economy – Concom member | Tin Tức Ngôi Sao
By Chito Chavez The proposed shift to a federal form of government is an investment that will pump up the economy, according to Consultative Committee (Concom) member Professor Edmund Tayao. Asst. Prof. Edmund Tayao (UST.EDU.PH / MANILA BULLETIN) Tayao compared the shift to moving to a new house that will entail additional expenses at the start but generally improve the stature and condition of the occupants. “Just because you have additional expense when changing the form of government doesn’t mean that that additional expense will be there forever. Additional costs in federalizing the country is an investment that would boost the country’s economic activity later on,” he said. Tayao, one of the resource persons during a Department of the Interior and Local Government (DILG)-organized media forum in Tacloban City, was reacting to criticisms from the country’s economic managers that federalism will derail the economy of the Philippines. Tayao said Ethiopia and Kenya have been performing well economically since they federalized. He noted Ethiopia was introduced to a federal system in 1995 and has since experienced a successful rise in its gross domestic product (GDP), recording at 10.2 percent in 2017, an improvement from its 3.2 person growth in 2014, the year before it shifted to federalism. Kenya’s economy, on the other hand, shot up in 2010, the year it federalized, but experienced a slowdown in 2017 because of a drought. Thereafter, growth has recovered and stabilized. He...
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